rate of Interest

[Guest]

1.Whether VAT and CST is mandatory to pay online for quarterly dealers ? If it has to be paid by the cheque therough Bank then in whose favor the DD will be issued ?

Allhabad Bank is on the Portal of the DVAT and CST ??

 2. What is latest rate of interest in DVAT and CST ??

[YAGAY andSUN]

Interest is payable to the DVAT is 15% p.a.

AI Summary

Interest rate for DVAT clarified; interest payable specified while online payment procedure for dealers remains unresolved. The document records a dealer's query about mandatory online payment for VAT/CST and payee details for cheque/DD, and the sole operative reply states that the interest rate payable to DVAT is 15% per annum, with no clarification on payment procedure or portal bank acceptance.